Industrial production is Semis and everything else is flat
SemiAnalysis Twitter · SemiAnalysis (@SemiAnalysis_) · 2026-06-19
US May 2026 industrial production rose just 0.1% with overall manufacturing flat, while the semiconductor sector continued upward growth, making semiconductors the sole driver of any industrial gains.
Extraction
Topics: semiconductor-manufacturingindustrial-productionus-economy
Claims
- US headline industrial production rose only 0.1% in May 2026.
- Manufacturing as a whole was flat in May 2026.
- Semiconductor production continued its upward trajectory in May 2026.
- Semiconductors are the primary driver of any positive movement in industrial output.
Key quotes
Industrial production is Semis and everything else is flat
Headline industrial production inched up by just 0.1%, with manufacturing flat in May. But semiconductors continued their upward march.